T-35. Confederate Currency. 1861 $5. PMG Very Fine 25 Net. Repaired.No. 4774, Plate Ab. One of the toughest "Big Six" notes to find and usually one of the last holes remaining in a Confederate type set under construction. These 1861 $5 notes were produced by Hoyer & Ludwig. They were printed on eight note sheets with four notes being T-35s and four notes being Ab plate T-27 1861 $10s. Just 7,160 notes were issued for the type. Today around 140 are known to exist. It is unknown exactly why so few notes were emitted given the time and effort that would have gone into preparing the plate. Most speculate that the plate must have failed and it was easier to move to a new design rather than to prepare another plate. These notes came on poor quality paper and many T-35s are plagued by impairments resulting from heavy wear. This example comes darkly printed on strong paper. The lithographed design elements display sharp details not always seen on T-35s. The all-important "Indian Princess" is displayed in full detail. Full margins are found on this note which is uncancelled and well signed. The repairs appear to be limited to small areas of prior mounting on the back left and right of the note. PMG has graded just one note at the Very Fine 30 level while PCGS has graded no notes above Very Fine 25. An excellent example of this rare type.From The Cleo Collection of Confederate Paper Money.
